Here’s why gas really costs Americans $6.25 a gallon

[n2doc]

It’s almost April 15, and you may be worrying about how much taxes will hurt this year. But a new study published today suggests there’s a whole world of economic losses in the air around us that few of us know anything about.

The study, published in the journal Climatic Change, is the first to pull together a proper accounting of the hidden costs of greenhouse gas emissions. It shows the true (and much higher) cost that we pay in dollars at the pump and light switch—or in human lives at the emergency room.

Drew Shindell, a professor at Duke University, has attempted to play CPA to our industrialized emitting world. He has tabulated what he calls “climate damages” for a whole range of greenhouse gases like CO2, aerosols, and methane—and more persistent ones like nitrous oxides.

If these damages are added in like the gas tax, a gallon of regular in the United States would really cost $6.25. The price of diesel would be a whopping $7.72 a gallon.

more

http://qz.com/355923/if-we-paid-for-the-hidden-cost-of-emissions-gas-would-be-6-25-a-gallon/

We'll let junior pay for it...

[valerief]

1. The oil industry is subsidized by the American taxpayer, so we're paying.

Whether we buy gas or not.